Greece gets documentation rules
December 04, 2008
Following an amendment to the draft law entitled “Market Supervision Authority and other provisions” submitted to the Greek parliament, rules are being introduced for auditing transfer pricing in inter-company transactions. The rules are based on the OECD arm’s length principle
According to this principle, the same or similar terms must apply to transactions between affiliated companies (defined in article 42e of law 2190/1920) as if the transaction had taken place between unrelated parties under similar market circumstances.
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